Lyft lost more than $1 billion last quarter
Lyft said Tuesday it lost $1.14 billion in the first three months of the year, primarily due to stock-based compensation and other expenses connected to its initial public offering.
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Lyft said Tuesday it lost $1.14 billion in the first three months of the year, primarily due to stock-based compensation and other expenses connected to its initial public offering.
Uber is aiming to sell its shares for between $44 and $50 each when it goes public on the New York Stock Exchange, according to a regulatory filing released Friday.
Slack is the latest company planning to go public, but it's doing so with an unconventional approach.
Beyond Meat is planning an initial public offering that would value the company at about $1.2 billion.
Uber's self-driving car unit has lured $1 billion in investment ahead of the company's hotly anticipated stock market debut.
For years, Pinterest CEO Ben Silbermann has insisted his company is not an outright social network. As he told CNN Business in a recent interview, the platform is not focused on hard news or amassing followers. "At its most basic level, it's just about you," he said.
Pinterest, a social platform for bookmarking pictures from around the web, priced its initial public offering at $19 a share on Wednesday.
Uber's IPO is generating plenty of excitement in Silicon Valley. But foreign investors could be among the biggest winners thanks to carefully timed bets on the company.
Two years ago, Uber was nearly derailed by allegations of sexism and harassment, a damning investigation into its workplace culture and the exodus of nearly all of its C-suite.
At first blush, it can be hard to tell Uber and Lyft's businesses apart. Both companies offer rides on demand, from a mix of cars, bikes and scooters. They rely on a vast workforce of independent contractors, many of whom drive for both companies. Uber and Lyft even share certain large investors, and now they are going public back to back.